Compliance

BNY Mellon Launches AIFMD Reporting Service

Sandra Kilhof Reporter London 11 December 2013

BNY Mellon Launches AIFMD Reporting Service

Global investment manager BNY Mellon has launched a new service for fund managers that helps them manage the regulatory reporting requirements of the European AIFMD regulation.

New York-headquartered BNY Mellon, the global investment
manager, has launched a new service for fund managers that helps them identify,
aggregate and manage the regulatory reporting requirements of the Alternative
Investment Fund Manager’s Directive.

Under AIFMD, alternative investment fund managers must file
a specifically formatted report with their home member state’s supervisory
authority or national competent authority. The report requirements are extensive
and cover aspects of both the fund manager and the fund, such as investment
strategies, exposures, portfolio concentration, total value of assets under
management, principal markets and instruments in which investments are made,
plus detailed information on the fund's risk profile.

As part of the service, BNY Mellon will work with its fund
administration clients to collect the necessary data in order to populate an
AIFMD regulatory report for fund managers to review, approve and file with the relevant
national authority.

“Alternative investment fund managers are increasingly
challenged by the growing global regulatory reporting demands of AIFMD. Our
solution will provide them with a signature ready report for their approval and
submission,” said Alan Flanagan, BNY Mellon global head of product management
for alternative investment services.

As of 30 September 2013, BNY Mellon had $27.4 trillion in
assets under custody and administration, and $1.5 trillion in assets under
management.

 

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